- The Curve Dao token is increasing upwardly, around 7.5%, during the intraday trading session.
- The 24-hour trading volume is at $365 million.
- CRV/BTC pair is also trading positive by 7.5% at 0.00004873 BTC.
Daily technical chart and Curve Dao token price is showing an upward trend. Based on the pivot level, the initial support level is 1.70 USD. From another perspective, if it accelerates, the resistance level to watch is 3.10 USD. Although the chart created a bearish inverted hammer candlestick pattern during the day, the price is expected to be downside with medium reliability.
Ichimoku Cloud is composed of lead-1 and lead-2, and the displacement value is 1. It operates as a pivot level and leading indicator of asset price changes. Investors can see that the price breaks above the Red Moku Cloud and now trades above the Green Moku Cloud, so the cost is above the Green Moku Cloud, ensuring the positive trend of CRV.
Trading volume (3.303 M) is above the 20-day moving average (1.585 M). In short, the high volume of the selling side caused the price to get rejected from the resistance zone. Investors may also notice that the volume bars on the chart are inclining, which indicates that surprising volatility is expected in the next trading days.
The Schaff Trend Cycle indicator (bearish) with a 9 represents a sell signal in the coin, projecting a downtrend. Additionally, Investors can see a red sell signal and a downward slope in the index.
Curve DAO Token Requires High Buying Pressure For a Breakout
Today’s price of Curve DAO token is $2.26 for a 24-hour trading volume of $364,036,270. The CRV price has increased by 8.5% in the past 24 hours. It has a circulation supply of 400 million CRV coins and a total of 1.59 billion. The STC indicator shows a sell sign, and the traders have led to high volume. Technically, the price sustains around the pivot zones and continues in a downtrend. Accordingly, as with the overall market viewpoint, the trend remains bearish for upcoming trading sessions.
Resistance Level: $3.10
Support Level: $1.70
